7,066 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in The Home Depot, Inc. (NYSE:HD – Get Rating) in the first quarter, according to its most recent filing with the SEC. The firm bought 7,066 shares of the home improvement retailer’s stock, valued at approximately $2,115,000.

A number of other institutional investors also recently bought and sold shares of HD. Personal Capital Advisors Corp lifted its stake in Home Depot by 3.4% during the 1st quarter. Personal Capital Advisors Corp now owns 265,741 shares of the home improvement retailer’s stock valued at $79,545,000 after acquiring an additional 8,752 shares during the period. Barrett Asset Management LLC lifted its stake in Home Depot by 5.6% during the 1st quarter. Barrett Asset Management LLC now owns 66,478 shares of the home improvement retailer’s stock valued at $19,898,000 after acquiring an additional 3,507 shares during the period. Interval Partners LP acquired a new stake in Home Depot during the 1st quarter valued at approximately $955,000. Achmea Investment Management B.V. lifted its stake in Home Depot by 20.8% during the 1st quarter. Achmea Investment Management B.V. now owns 102,690 shares of the home improvement retailer’s stock valued at $30,738,000 after acquiring an additional 17,692 shares during the period. Finally, PFS Investments Inc. lifted its stake in Home Depot by 10.8% during the 1st quarter. PFS Investments Inc. now owns 73,969 shares of the home improvement retailer’s stock valued at $22,141,000 after acquiring an additional 7,195 shares during the period. 68.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Home Depot Trading Down 0.0 %

Shares of HD opened at $299.77 on Friday. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The company has a quick ratio of 0.25, a current ratio of 1.18 and a debt-to-equity ratio of 165.70. The firm’s fifty day moving average is $300.92 and its two-hundred day moving average is $302.14. The stock has a market cap of $306.88 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The company had revenue of $43.79 billion for the quarter, compared to analysts’ expectations of $43.33 billion. During the same quarter in the previous year, the company posted $4.53 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.

Home Depot declared that its board has approved a share buyback plan on Thursday, August 18th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $1.90 per share. The ex-dividend date is Wednesday, August 31st. This represents a $7.60 annualized dividend and a dividend yield of 2.54%. Home Depot’s payout ratio is 46.71%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Home Depot from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, August 16th. Morgan Stanley lifted their target price on shares of Home Depot from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, August 17th. MKM Partners assumed coverage on shares of Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 target price for the company. Piper Sandler lifted their target price on shares of Home Depot to $327.00 in a report on Monday, August 22nd. Finally, Jefferies Financial Group cut their target price on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $365.95.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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